Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Petroleum area can be challenging. Home prices in Petroleum are now at a median cost of $100,212, lower than the Indiana average of $175,617.
The average cost of rent is $1,065/mo in Petroleum, primarily driven by the current value of real estate in the Petroleum area. While nearly 37.78% of residents own their homes outright in Petroleum, 30.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Petroleum is $6,628 per month. Households that rent pay about 16.07% of their income on rent here. Petroleum's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Keystone, IN: higher priced homes
- Reiffsburg, IN: higher priced homes
- Domestic, IN: higher priced homes
- Fiat, IN: higher priced homes
- Poneto, IN: higher priced homes
- Vera Cruz, IN: higher priced homes
- Poling, IN: higher priced homes
- Montpelier, IN: equally priced homes
- Bluffton, IN: higher priced homes
- Liberty Center, IN: higher priced homes
Cities with Similar Populations
- South Berne, NY: higher priced homes
- Lacon, KY: higher priced homes
- Skyline, KY: less expensive homes
- Smale, AR: less expensive homes
- Smithland, PA: higher priced homes
- Snap, KY: higher priced homes
- Snoqualmie Pass, WA: higher priced homes
- Snow Hill, AR: less expensive homes
- Solano, NM: equally priced homes
- Somerset, CO: higher priced homes
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